Home values are rising again, foreclosures are at lowest levels since 2006, and home sales have increased at double digit rates, according to the White House fact sheet on housing released August 5th. *
The net effect of all this good news? You may be surprised to find new equity in your home property.
“The heightened housing demand in late Spring really tightened the available supply of homes. This has also pushed a rapid home price increase in some markets in Oregon, said Russ Bernardo, Northwest Community Credit Union Real Estate Lending Manager.